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MCX Gold Intraday Pullback Before Acceleration Lower

Gold Futures (MCX:GOLD1!)  
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MCX:GOLD1!   Gold Futures
Trend Analysis Chart Patterns Technical Indicators Gold mcxgold mcxgoldtips freecommoditytips freemcxtips freemcxgoldtips goldidea
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trendanalysis chartpattern indicator gold mcxgold mcxgoldtips freecommoditytips freemcxtips freemcxgoldtips goldidea
Breakout Range: Approx. 3300
Hurdle: 50600 level

At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 - 48760 and below.

Lionheart traders can hold for 48000 to 47360.

Please don't mess after a breakout of reversion bounce off level.
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